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Company XYZ's 2018 EBIT is $17,440. The tax rate is 40%. Based on the following balance sheets, what is the XYZ's 2018 FCF? Cash
Company XYZ's 2018 EBIT is $17,440. The tax rate is 40%. Based on the following balance sheets, what is the XYZ's 2018 FCF? Cash AR 2017 ST invest. 48,600 $9,000 2018 Total assets Accts. payable Notes payable 632,160 Accruals $7,282 351,200 Inventories 715,200 1,287,360 Total CA 1,124,000 1,946,802 Net FA 344,800 20,000 Gross FA 491,000 1,202,950 Less: Depr 146,200 263,160 939.790 Long-term debt 2017 Common stock Ret. $145,600 136,000 Total CL 481,600 323,432 200,000 720,000 284,960 1,328,960 1,000,000 460,000 2018 203,768 $324,000 460,000 earnings Total equity $1,468,800 $2,886.592 Total L&E $1,468,800 $2,886,592 97,632 663,768 557,632
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Step: 1
To calculate the free cash flow FCF for Company XYZ in 2018 we need to use the formula FCF EBIT1 Tax ...Get Instant Access to Expert-Tailored Solutions
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